The Business Times, 15 October 1992

Total Pages: 54
1 54 The Business Times
  • 16 1 Business Times MITA (P) 35/12/91 Thursday, October 15, 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS SUMMARY
    • 54 1 TOKYO Visiting Malaysian Foreign Minister Abdullah Badawi yesterday called on Japan to help ensure safety and prevent pollution in the Straits of Malacca, Japanese officials said. He also asked Japan to take part in an international joint management mechanism for the
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    • 52 1 STOCKHOLM Georges Charpak of France won the 1992 Nobel Physics Prize yesterday for his invention and development of detectors in high-energy physics. Canadianborn Professor Rudolph Marcus, in turn, won the Nobel Prize for Chemistry, for his "contributions to the theory of electron transfer reactions in
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    • 33 1 SINGAPORE needed both home-grown entrepreneurs and multinational corporations if its economy was to continue to flourish, said Senior Minister of State for Trade and Industry Lim Boon Hcng. Page 2
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    • 29 1 LOCALLY-based computer companies posted sales of $2.64 billion in 1991, about 23 per cent more than 1990, according to an industry survey released yesterday Page 2
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    • 30 1 MALAYSIA'S decision to award its largest digital telephone exchange system to five separate foreign telecommunications firms may be headed for a potentially embarrassing breakdown Page 3
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    • 35 1 MALAYSIAN firms, taking advantage of government incentives to invest abroad, might have to divert some funds back home to compensate for an expected fall in foreign investment, say analysts. Page 10
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    • 30 1 EUROPE'S steelmakers are planning a radical restructuring which could cost more than four billion ECUs (Ss9 billion) and lead to the loss of 50,000 jobs Page 11
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    • 28 1 VISA has launched round three of its offensive against arch-rival American Express. It is countering Amex's Porsche prize with a Mercedes Benz 300SL Page 18
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    • 30 1 THE Asia-Pacific cruise market will mature into a key year-round cruise destination before the end of the decade, an industry expert said yesterday. Shipping Times Page 1
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  • MARKET SUMMARY
    • 51 1 WALL STREET turned downwards early yesterday, running into resistance from sellers after the gains of the past two sessions. The Dow Jones average of 30 industrials fell 14.05 points in the first half hour but the loss had shrunk to 2.16 points at 3,199.26 one hour into the
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    • 25 1 LONDON share prices were lower at midday yesterday. At about 12:30pm (1130 GMT), the FT-SE 100-share index was down 18 points at 2,566.7.
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    • 22 1 AMMB Holdings Bhd's finance business is set to overtake merchant banking as the group's biggest profit contributor Page 4
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    • 34 1 AP MOLLER's refusal to take delivery of a US$llO million rig commissioned from Far East Levingston Shipbuilding sent the yard's share price dropping 11 cents to $2.66 yesterday Page 4
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    • 30 1 SINGAPORE Aerospace Ltd has landed its biggest deal a US$2l million (5533.6 million) contract to make structural parts for McDonnell Douglas Corporation's MD-11 aircraft Page 4
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    • 22 1 THE Asean Insurance Council has endorsed a strategy to help steer the regional insurance industry in 1990s Page 9
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 639.01 +1.15 Kuala Lumpur ....606.56 +1.43 Tokyo 17,344.03 -146.64 Hongkong 5,806.77 +50.67 Sydney 1,453.8 -3.1 Taesday Change New York 3,201.42 +27.01 London 2,584.7 +27.5
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    • 23 1 Exchange rates USS s$ 1.6090 100 Yen SS 1.3270 MS S$ 0.6417 Money market rate* Overnight 1 5/16% +3/16 3-month 13/8% +1/16
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    • 35 1 London Gold AM fa.. USS343.30 -USS0.15 Rubtwr S'pore Nov 145.50*/kg +0.25 M'sia Nov 224.50*/kg +0.50 KL Tin Turnover 21tonnes -15 Spot MSl4.74/kg -0.22 Crudo palm oi Turnover 937 lots 4-374 Oct MS888 /tonne +5
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  • 268 1 AFP, Reuter BANGKOK Murder charges have been filed against former Thai prime minister Suchinda Kraprayoon and four others responsible for the bloody May crackdown on pro-democracy demonstrations. Six relatives of people killed filed charges of premeditated murder against the five at a Bangkok police station
    AFP,; Reuter  -  268 words
  • 514 1  -  Japanese travel giant Kintetsu takes 26pc stake in $200 m project By Loh Hui Yin SINGAPORE A leading Japanese travel company has become the first multinational corporation to invest in a big holiday resort shaping up on the Indonesian island of Bintan. Kintetsu,
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  • 239 1 AP PARIS The Organisation for Economic Cooperation and Development on Tuesday slashed estimates of growth in the United States next year by a third, and predicted that the weak US upturn would slow world economic recovery. The bad news from the OECD, which groups
    AP  -  239 words
  • 403 1  -  Interview with Jakarta Stock Exchange president director From Maggie Ford in JAKARTA THE JAKARTA Stock Exchange will begin a two-year programme of technical improvements, culminating in fully computerised operations when it moves into its new building in 1994. Hasan Zein Mahmud,
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  • 586 1  -  By Genevieve Cua SINGAPORE Ailing Innovest Bhd yesterday reported a hefty M 590.7 million (SSSB million) interim loss after extraordinaries and announced it had obtained court protection from its creditors while it works on a restructuring plan. The High Court of
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  • Page 1 Advertisements
    • 229 1 FBurberrys 1 m d > (-"J i\ \t 1 Reigns when it pours M Marfcetag 18.21 Interbank Fore* Rates 31 Sports 17 A*craft Schedule 33 JH/Bkk/Own Stocks 27 TV&Radw 14 Commodities 31 KLSE 25 Unrt Trusts 24 Company News 4,6,8 Money Chancer Rates 33 Weather 33 Cryptic Crossword 33 Money
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    • 151 1 S'pore-based Batam Tunes banned in Indonesia, Pg 3 Hock Lock Siew: Renong's other route to a toll operator, Pg 4 SIA-union dispute: Extracts of the lAC award, Pg 13; Making flexi-wages work, Pg 12 The Chairman was famedfor his su/imming efforts Sutfezu kneiv that afterwards he indulged himself at the
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    • 17 1 Nitsuko The moat popular Key Telephone I SINGAPORE COMM Gm The Telecommunication Specialist Tel 278 7088 BBr
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  • PAGE 2 NEWS
    • 372 2  -  By Claire Leow SINGAPORE Both homegrown entrepreneurs and multinational corporations had key roles to play if Singapore's economy was to continue to flourish, Senior Minister of State for Trade and Industry Lim Boon Heng said yesterday. Speaking at a function to celebrate
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    • 200 2 SINGAPORE Asean valuers were encouraged yesterday to upgrade their knowledge and skills to keep up with the region's rapidly growing and changing property market. The Minister of State for National Development, Lim Hng Kiang, said the growth of the Asean economies had
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    • 299 2  -  By Joseph Rajendran SINGAPORE Locallybased computer companies posted sales of $2.64 billion in 1991, or about 23 per cent more than 1990, said an industry survey released yesterday. The National Computer Board survey said the figure represented a compound annual growth
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    • 138 2 SINGAPORE The Soon family, formerly of Leong Huat Industries, is looking, for tenants for a seven-storey flatted factory it has developed in Paya Lcbar. The Leong Huat building was launched yesterday, with an asking rent of $2 per sq ft for warehousing and factory
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    • 369 2  -  By Chuang Peck Ming SINGAPORE Jobs still came easy for last year's graduates, who also command higher salaries, says a survey by the National University of Singapore. The latest Graduate Employment Survey says 92.9 per cent of 1991 graduates found jobs
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    • 467 3  -  Region has shown quite clearly it can compete, says Malaysian PM From Lim Soon Neo in HONGKONG EAST ASIA would never become protectionist even if Europe and America become protectionist, Malaysian Prime Minister Mahathir Mohamad said last night in his keynote address at
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    • 221 3 Reuter BRUSSELS The EC and the US are inching towards a farm trade deal but still have gaps to close on oilseeds and subsidised cereals exports. Agreement on farm trade would break a 21-month deadlock ih the Uruguay Round of the General
      Reuter  -  221 words
    • 96 3 SINGAPORE The Member of Parliament for Bukit Gombak, Ling How Doong, yesterday rejected an invitation to sit on the Cost Review Committee set up by the government. Mr Ling declined the position after committee chairman Lim Boon Heng offered it to any Singapore Democratic Party
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    • 303 3  -  By Helen Chang A SINGAPORE-based monthly newspaper has had to stop circulating in Batam, apparently because of concern over a foreign paper competing with the Indonesian press. Batam Times, jointly owned by Canadian, Singaporean and Indonesian partners, was given notice two weeks ago by
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    • 267 3  -  From Rajendra Bajpai in NEW DELHI SINGAPORE TELECOM, one of 14 companies shortlisted to operate cellular telephones in India, has failed to win a contract, industry sources say. Telecom and its Indian joint venture partner Archane Communications operating through a
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    • 154 3 AP, UPI BEIJING China will begin implementing two major international copyright pacts over the next two weeks as it moves towards world standards in its trading practices, an official said yesterday. The National Copyright Administration (NCA) would start enforcing the Berne Convention on Protecting Literary
      AP,; UPI  -  154 words
    • 671 3  -  Govt-picked firms foil to meet compatibility standards From Leslie Lopez in KUALA LUMPUR MALAYSIA'S controversial decision to award its largest digital telephone exchange system to five separate foreign telecommunications companies may be headed for a potentially embarrassing breakdown. Industry executives say three
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  • Page 2 Advertisements
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 106 4 SINGAPORE NTUC Secretary-General Ong Teng Cheong has ruled out a public listing for NTUC Fair Price, the retail cooperative owned by the labour movement. In a preamble to a report to be tabled at the delegates' conference of the National Trades Union Congress
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      • 76 4 SINGAPORE Inchcape Bhd shareholders yesterday approved a proposed capital distribution, which now needs the approval of the High Court. In July, Inchcape said it would return $109 million to its shareholders. The company has also advised its shareholders to deposit their shares with The Central Depository (Pte)
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      • 94 4 SINGAPORE Shareholders of the Overseas Union Bank (OUB) agreed yesterday to raise the authorised share capital of the bank from $500 million to $1 billion. Shareholders also agreed to proceed with the issue of one rights share for every four shares. Shareholders are given till
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    • 243 4  -  By Dexter Lee SINGAPORE Singapore Aerospace Ltd has landed a US$2l million (5533.6 million) contract to make structural parts for McDonnell Douglas Corporation's MD--11 aircraft. The deal, which is Singapore Aerospace's largest so far from an aircraft maker, is another milestone
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    • 265 4 SINGAPORE Comit Communication Technologies Pte Ltd, a subsidiary of car distributor Tan Chong Motors, is expanding its network of outlets in Singapore. Set up in 1990 as the information technology arm of Tan Chong, Comit sells hand phones, pagers, key phones
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    • 578 4  -  Finance business has greater room for growth than merchant banking From William Chia in KUALA LUMPUR LISTED Malaysian financial conglomerate AM MB Holdings Bhd is about to see its finance business overtake the group's merchant banking operations as its biggest
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    • 388 4  -  By Rahita Elias SINGAPORE News that AP Moller had refused to take delivery of a US$llO million (S$ 177 million) rig commissioned from Far East Levingston Shipbuilding sent the yard's share price lower yesterday and left investors wondering why the Danish company
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    • 472 4  -  By Moiz Tyebally SINGAPORE To allay fears expressed recently in Parliament by Nominated MP Walter Woon, the Stock Exchange of Singapore has in the October issue of its SES Journal devoted three articles to scripless trading. Mr Woon had expressed doubts about
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    • 558 4  -  THE HOCK LOCK SIEW COLUMN By Leslie Lopez KUALA LUMPUR Malaysia's Renong Bhd appears set to abort its proposed acquisition of Metramac Corp Sdn Bhd, a cashrich urban toll operator. But businessman Halim Saad, who owns substantial stakes in both companies,
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    • COMPANY BRIEFS
      • 87 6 TOKYO Japanese companies that went bankrupt in September with liabilities exceeding 10 million yen (S$ 132,000)) rose 41.9 per cent, from a year earlier to 1,199 cases, according to Tokyo Shoko Research, a private research agency. On a year-to-year basis, the number of monthly
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      • 69 6 TOKYO Stock exchange regulations are curbing growth in the derivative-products market here, said Takeo Kani, chairman of Morgan Stanley Japan Ltd, yesterday. The Tokyo Stock Exchange and the Osaka Securities Exchange raised commission fees and margin requirements in March, and have urged daily disclosures, by
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      • 89 6 TOKYO Ricoh Co Ltd has decided to shift development of its low-price, low-speed Plain Paper Copiers to its 90 per cent subsidiary in Shenzhen, southern China, a Ricoh spokeman said yesterday. The company would set up a development team of 20 to 30 staff by
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      • 75 6 SEOUL South Korea's 30 biggest conglomerates had combined liabilities of 80.22 trillion Korean won (S$ 160.4 million) at the end of 1991, against 62.07 trillion at the end of 1990, the Finance Ministry said. In a report to Parliament, the ministry said the 30 chaebol had bank
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      • 91 6 SYDNEY News Corp Ltd said yesterday that its planned issue of 40 million ordinary shares would be priced at A 524.10 per share, of which 18 million shares are to be represented as American Depository Shares (ADS). The ADS issue in the US and Canada
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      • 56 6 BRISBANE Diversified miner MIM Holdings Ltd said yesterday that lower operating costs and higher metal prices helped the company turn around to a net profit of As 29 million (5533.35 million) for the 12 weeks to Sep 20. MIM recorded a A 53.5 million loss
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    • 441 6 Influx may loosen NEC's hold in home market NYT TOKYO The recent influx of foreign computers to Japan may bring changes, perhaps even competitive pricing, to the country's personal computer (PC) maiicet, dominated so far by NEC and other Japanese makers. Earlier
      NYT  -  441 words
    • 326 6 AFP SYDNEY One of Australia's biggest retail chains is helping drag the country out of recession with an appeal to patriotism it says has helped boost turnover by Asloo million (S$ 115 million) in a bad economic year. As a result, goods
      AFP  -  326 words
    • 408 6 AFP HONGKONG Hongkong's stock exchange and the World Trade Centre Group Ltd were at odds on Tuesday over the proposed HK$2.5 billion (Sss2o million) sale of the World Trade Centre building here. The company's shares remained suspended on Tuesday with Herbert Hui, the exchange's
      AFP  -  408 words
    • 257 6 Reuter TOKYO American Telephone and Telegraph's chip subsidiary and NEC Corp said yesterday they have set up a Tokyo-based joint marketing venture that AT&T hopes will boost its Japanese sales two-and-a-half times by 1994. "NEC is going to reach a set of customers
      Reuter  -  257 words
    • 284 8 NYT PURCHASE, New York Shrugging off the weak economy, Pepsico Inc posted strong third-quarter profit gains in its soft-drink, potato chip and fast-food businesses. The company said on Tuesday that its net income soared 49.1 per cent to U*****.7 million (about Ss6Bo million), compared
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    • 317 8 Reuter PHILADELPHIA Campbell Soup Co may sweeten its US$B6O million (about 551.37 billion) bid for Arnotts Ltd to avoid possible shareholder unrest, but a 40 per cent increase as suggested by Arnotts' financial adviser is unlikely. "I don't think there's a prayer they'll jump
      Reuter  -  317 words
    • 247 8 Reuter FAIRFIELD, Connecticut General Electric said that with continuing productivity gains and successful working capital management programmes, it is "confident" it will post record earnings for the year. The company recently announced third-quarter earnings of US$l.3O per share on revenues of US$lO.4 billion (about
      Reuter  -  247 words
    • 357 8 NYT NEW YORK Procter Gamble Co has said that it expects to save US$l75 million (about SS2BO million) a year from its controversial new pricing strategy and that it would soon report record first-quarter profits. The pricing announcement by chairman Edwin Artzt
      NYT  -  357 words
    • COMPANY BRIEFS
      • 89 8 LONDON A group of four media companies made an offer on Tuesday for Independent Television News, including a £30 million (about 5582.5 million) commitment to support the news organisation. The move by Carlton Communications, Central Independent Television, London Weekend Television and Reuters comes at
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      • 74 8 LONDON Cross-border mergers and acquisitions by companies around the world fell sharply in September to 61 from 144 in July and 105 in August, a survey by accountants KPMG showed. The total for the first nine months slipped this year to 1,367 from 1,467 in the corresponding
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      • 54 8 TOKYO International Business Machines Corp's Japan unit is expected to announce soon a range of personal computers that will significantly undercut the prices of domestic models. The Nihon Keizai Shimbun reported that IBM planned to announce next week PCs up to 50 per cent cheaper
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      • 60 8 SAN FRANCISCO Hewlett-Packard Co and Convex Computer Corp see a market of several billion dollars for its new range of products that combine supercomputing power with desktop workstations, according to HP's product marketing manager, Robert Weinberger. HP and Convex have unveiled a range of products, including
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  • Page 4 Advertisements
    • 281 4 I IN THE MARKET PAGES Tokyo market ends lower 28 Seoul shares close higher 29 mf —ifIWMWLr TkeN ew Truffles Restaurant. At solutely Frencn. And Purely /VlagicaL jMUIk The new Truffle* at The Dynasty. Singapore's from like steaks, chicken and seafood. What's more, you can distinctively French restaurant through and
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 124 6 Before booking your flight, check the flight details. food and wine has JK won us many international awards. We are also the first airline in the world to fit every seat in all three classes with its own personal video system, offering up to six movies plus four channels of
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  • Page 7 Advertisements
    • 179 7 If your credit line costs you more than 8.75 get on the line to us right now. With a Hongkongßank PRIME Account, you'll enjoy a attractive benefits too. From the convenience of a chequebook and pre-approved credit line of up to $30,000 at an interest rate of just FREE Visa
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  • Page 8 Advertisements
    • 596 8 I.The Government of Maldives has received a credit from IDA in US currency towards the cost of Third Fisheries Project and it is intended that part of the proceeds of this loan will be applied to eligible payments under the Contract for construction of port facilities dredging and housing here
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    • 203 8 HOW TO STAY TRIM IN BUSINESS BY CUTTING CORNERS These days, lo stay successful in business, one has to be highly competitive.That means having the right image, up- to- date office equipment and full time experienced staff; yet keeping low overheads. Here at World Wide Business Centre Pte Ltd. we
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  • FINANCIAL NEWS
    • 430 9  -  By Soh Tiang Keng SINGAPORE The Asean Insurance Council has endorsed a strategy to help steer the regional insurance industry in 1990s but has shelved a plan to double the capital of the joint venture Asean Reinsurance Corporation. Dzulkifli Salleh, the retiring chairman
      430 words
    • 525 9 1992 set to be record year for profits on Wall Street NYT NEW YORK Merrill Lynch Co and the Paine Webber Group reported strong third-quarter earnings on Tuesday, virtually ensuring that 1992 will be a record year for profits on Wall Street. Merrill Lynch,
      NYT  -  525 words
    • 375 9  -  By Dawn Tan SINGAPORE An investment company run by Taiwan's powerful ruling party, the Kuomintang, is stepping up efforts to invest in booming Vietnam, sources in Hongkong said. Fortuna Co Ltd, set up early this year with the specific aim of investing in
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    • SMALL CHANGE
      • 70 9 TOKYO Japan's banking industry is studying a new method to promote the sales of corporate loan holdings in a bid to meet international capital adequacy standards at the end of fiscal 1992/93 on March 31, said Tsuneo Wakai, chairman of the Federation of Bankers
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      • 47 9 JAKARTA An Indonesian bank teller in traditional Muslim clothes counting cash at a branch of the Muamala Islamic Bank. The bank was opened earlier this year to provide service according to religious tenets in a country with the world's largest Muslim population. Reuter
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      • 53 9 PARIS Henderson Administration has said it is close to buying fellow fund management company Touche Remnant from the French Bank Societe Generale. The combined group would have more than £9 billion (5525.6 billion) of funds under management and would be the largest manager in the UK
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      • 46 9 LISBON The world's two largest reinsurers, Swiss Reinsurance Co and Muenchener Rueckversicherungs Gesellschaft AG, are likely to buy a stake in Portugal's Cosec-Companhia de Seguros de Credito SA which will be fully privatised soon, Cosec president Alberto Requeira said on Tuesday.
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  • Page 9 Advertisements
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  • THE REGION
    • NOTE BOOK
      • 66 10 TAIPEI Taiwan has reasserted its claim to the disputed Spratly Islands, proclaiming its right to make air and sea patrols near the main islet of the South China Sea chain. The Defence Ministry had the right to patrol the waters and air space around
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      • 30 10 PHNOM PENH A Japanese, left, and a Pakistani officer communicating with hand signals at Pochentong Airport before the arrival of five planeloads of Japanese peace-keep-ing soldiers yesterday.
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      • 66 10 MANILA The US wants access to Subic Bay naval base after it closes next month but is proceeding discreetly to avoid a controversy, according to a confidential Philippine memorandum obtained yesterday. The memorandum said the US approach was discussed in meetings between US Assistant
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      • 61 10 PHNOM PENH The Phnom Penh government will seek to lower the costs of hotel rooms including those at the luxury Hotel Cambodiana to put them more in line with the quality they offer. Currently, hotels can charge US$4O (Ss64) to US$BO a night for
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    • 358 10 Think tank foresees fall in foreign investment Reuter KUALA LUMPUR Malaysian companies are taking advantage of government incentives to invest abroad, but analysts say their money may be needed at home to compensate for an expected fall in foreign investment. "The government's re-verse-investment policy
      Reuter  -  358 words
    • 349 10 Reuter MANILA South-east Asian finance ministers face hard bargaining next week in efforts to create a regional free trade area, Philippine Trade and Industry Secretary Rizalino Navarro said yesterday. The six members of the Association of South-east Asian
      Reuter  -  349 words
    • 543 10 AFP CANBERRA East Asian protectionist policies are restricting Australia's US$l2 billion (5519.2 billion Va-year ore and metal exporting industry, a government study indicated on Tuesday. The Australian Bureau of Agricultural and Resource Economics found that the more highly processed Australia's exports,
      AFP  -  543 words
    • 474 10 Reuter HANOI Vietnam, currently holding border talks with China, is keen to smooth over territorial differences and is increasingly looking to Beijing as an economic and political model, diplomats said. As talks continue in Beijing between Chinese and Vietnamese officials over a
      Reuter  -  474 words
  • Page 10 Advertisements
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  • THE WORLD
    • 340 11 EC urged to support move that will mean 50,000 lay-offs FT BRUSSELS Europe's steelmakers, hit by overcapacity, recession and cheap non-EC imports, are planning a radical restructuring which could cost more than four billion ECUs (Ss9 billion) and lead to the loss of 50,000
      FT  -  340 words
    • 365 11 AFP NEW DELHI A huge securities fraud which mauled investors in India's stock market has gained new dimensions with disclosures involving the country's staterun airlines in the great swindle, reports said yesterday. Air India, the country's flagship carrier, and Vayudoot, a domestic
      AFP  -  365 words
    • 476 11 Reuter PARIS Failure this week to unblock world trade talks may have dimmed the prospects for the global economy but it has saved the French government, political and agricultural experts said on Tuesday. They said any concessions on farm exports in the talks that
      Reuter  -  476 words
    • 301 11 AP CARACAS Venezuela and an economic bloc of Caribbean countries signed a trade pact on Tuesday, taking the first step towards opening the South American market to the Caribbean region. Under the agreement, Venezuela will reduce its tariffs on goods imported from the
      AP  -  301 words
    • WORLD WATCH
      • 97 11 BEIJING China's prison enterprises are hurting financially now that the government, bowing to international pressure, has banned them from exporting their products, according to a secret document obtained on Tuesday. "In order to raise the quality of re-education, it is necessary to change the situation
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      • 51 11 CAIRO Egypt's great pyramids withstood Monday's earthquake, but small cracks appeared in some other archaeological sites, initial reports say. The three pyramids at Giza, the Sphinx, and the temples in Luxor and Aswan survived the shocks intact, the chairman of the Egyptian Antiquities Office said on
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      • 91 11 BONN The parties in Chancellor Helmut Kohl's coalition government agreed on Tuesday on a proposal for a change in the Constitution to curb an influx of refugees in an effort to halt a rash of violence against foreigners. The change would require a two-thirds majority
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      • 77 11 WASHINGTON The US Navy on Tuesday announced steps aimed at improving the outlook for females in the service a year after navy pilots were accused of sexually harassing women at an aviators' convention in Las Vegas. Among other things, it will set up a toll-free
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  • Page 11 Advertisements
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  • 469 12 EDITORIAL EMPLOYERS who have been struggling with flexi-wage systems linking staff pay to company performance and productivity must have been disheartened by the decision this week by the Industrial Arbitration Court on Singapore Airlines' dispute with its unions. SIA, one of the flexi-wage pioneers, had proposed the
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  • WHAT THE OTHERS SAY
    • 201 12 MORE THAN 10 years ago, the proportion of Malay students who attained secondary or higher qualifications was a poor 14 per cent. That was in 1980. In 1990, the figure rose to 30 per cent, and the figure for those scoring three O levels leapt
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    • 174 12 THE MONTH-LONG campaign on health, in particular the use of Medisave and hospital charges, is a timely exercise on awareness for Singaporeans about one of their crucial needs. Contrary to foreign observers' perception, average Singaporeans may find that their lifetime savings in the form of CPF may
      174 words
    • 166 12 IN TERMS OF experience and stratagem. Bush is the strongest candidate in this election, especially in view of his grasp of international affairs and employment of foreign relations policies. But now that the Cold War has come to an end. Bush is like a hero with
      166 words
  • REGIONAL VIEWPOINTS
    • 204 12 AS THE EUPHORIA over the governor's maiden speech wears off, the first casualty looks like being the new airport. Not only have Chinese officials vehemently condemned his plans for political reform, but Hongkong officials fully expect their Chinese counterparts to pursue the matter in face-to-face talks
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    • 173 12 JAPAN, it appears, has finally opened its eyes to the reality that is the East Asia Economic Caucus (EAEC). For the first time since the idea for the caucus was mooted, Japan has stated its support explicitly, by urging the US to work with Malaysia towards
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    • 143 12 PRESIDENT SUHARTO proposed as early as February that Indonesia, Malaysia and Singapore the three states sharing the common international water boundary seek ways of obtaining funding to help finance the safe-guarding of the maritime environment in the Straits of Malacca. Malaysian and Singaporean leaders have aired
      143 words
  • 869 12  -  Economists are doubting if the Asean free-trade zone will get off to a credible start. Michael Richardson reports Michael Richardson IHT ANXIOUS to avoid being marginalised as Europe and America form regional markets, South-east Asian countries face a problem: can they move fast enough towards
    IHT  -  869 words
  • Page 12 Advertisements
    • 383 12 You are invited to the SINGAPORE INFORMATICS '92 is among the most important IT exhibitions in the Asia/Pacific region. On show are the latest Information Technology products and services. Make a date with the "Show of Shows"! October 15-18,1992, World Trade Centre, Singapore. Don't miss it. Main highlights include: Close
      383 words
  • Page 12 Miscellaneous
    • 31 12 POONESBURY GARRY TRUDEAU II I JUST ARenU/- HU.H&! NOVUMS?I HOllJs\ WO OFF- UM-UUt, RAY! IPtPNT Ctmovt*. SUR&7/ Tm MUST PUT/COPS IDOF&L KNOW YOU PORThZ CMT I AFAf^ MffJ WYOUR SAF6. (f
      31 words

  • ANALYSIS
    • 1882 13 THE Industrial Arbitration Court ruled on Monday that Singapore Airlines cannot peg its service increments to company productivity growth, nor cap its bonus at three months' salary. The dispute between the airline and the Singapore Airlines Staff Union (SIASU) and Singapore Airport Terminal Services
      1,882 words
    • 944 13 WE COMMEND both parties for their efforts in adopting a profit-sharing formula for a flexible wage system. We also noted that two other unions representing different categories of employees of the company have agreed to accept the flexible wage which is now proposed by the employer
      944 words
  • Page 13 Advertisements
    • 286 13 W s up /jr All your company's travel needs in one card. The Singapore Commuter Corporate Travel Card. The Singapore Commuter Corporate Travel Card is also offers you a 30-day credit facility. This will help a credit card designed to give your company and you ease your cash flow and
      286 words

  • Page 14 Advertisements
    • 853 14 ptf Nothing Beats A BUCL|n|gH where to wine, pine A FIRST FOR EXODUS EXODUS rated Malaysia's top entertainers after winning -sk. Hi the group category in the 1991 Mx Jfj Top of the Pubs competition is bringing their exciting brand of music to Singapore. J3 The talented Paul brothers will
      853 words
    • 317 14 -:62 PERFORMED DAILY AT I sage their highly-acclaimed performance 'jflF/JiJ (action of demanding dlners To guarantee your place amongst the discerning, make £>'. 333 Orchard Road. Stafapon 0923 Tel 737«4tt X> Chefs Carve: 526.00" ~4H BK succu cntroaston thc vx^ *J 11 2RO wagon carved to your and a glass
      317 words
  • Page 14 Miscellaneous
    • 727 14 TELEVISION AND RADIO *t~t 1 JO town- The Death of Sheila 7.30 Hniwn (Cartoon). BUSINESS ON RADIO ill I /-V* 7/2 M* JBCI2 (Stereo. See Our Choice). $.00 Natiaaal Haws (M). f\. I I It* I II IV r"| 7.25 PM Opening followed by la- 10 30 Tl*™|„ Future Special-
      727 words

  • LIFESTYLE
    • 636 15  -  Two authors have to share Britain's Booker Prize for literature after judges were unable to agree on one winner. Helen Smith goes behind the scenes Helen Smith THE judges of Britain's most prestigious literary award were so deeply split this year that they decided
      636 words
    • 374 15 China's first international auction UPI CHINA'S much-bally-hooed first international auction of cultural relics, criticised in the official press for selling off the nation's heritage, has failed to sell many of its most expensive items, organisers in Beijing said on Tuesday. The Beijing International
      UPI  -  374 words
    • 365 15 CHATTERBOX ALLEN GRUBMAN, one of the most powerful lawyers in the recording industry, has denied charges brought two weeks ago by the singer Billy Joel in a US$9O million (SSI44 million) lawsuit. He contended on Tuesday Joel's suit was libellous and
      365 words
  • Page 15 Advertisements
    • 271 15 AND ENTERTAIN A Pasta Parade i There's more to pasta than meets the eye. Savour pasta in a multitude of ways. Every Thursday Buffet Lunch from 12 pm at $19.50++ Buffet Dinner from 6.30 pm at $21.00+ For rtjcrvitioaj, pkue all 732-1222 extrusion 1700 bINUAKUKE rem*** m\ns>7Z2 m. A r'
      271 words
    • 135 15 ORGANISED BY TUV RHBNLAND, A LEADING EUROPEAN, TESTING CERTIFICATION BODY This course has been structured to provide practical and comprehensive training for the performance of audits and assessments of quality management systems. The program is intended for personnel in any part of an organization who are affected by quality audits.
      135 words
    • 175 15 Now you can sing your heart out at our sleek Karaoke pub and enjoy your own renditions of IHIIII rjjY hot hits. Sharing the limelight is Sue Parry, Australia's golden girl of the f ff Perth Wildcats' fame. Watch her sizzle, belting out top hits and your favourite numbers. f
      175 words

  • FOCUS
    • 984 16  -  James Blitz examines the waning influence of the guardians of currency and the logic of a market with a built-in bias towards safety James Blitz FT THE Bundesbank and the Bank of France may have won the battle to save the French franc.
      FT  -  984 words
  • Page 16 Advertisements
    • 176 16 Vacheron Constantin invites you to The Changing Faces of Time Exhibition' 16-18 Oct, Dynasty Hotel, 1 lam-7pm daily. i I: i H UL^iL,— f j i ji I§J J i i Iffl JffiF-—"* V Ej IkjrSaL «?A \*vr ii^^afc— 4 one °f the timepieces from Kg Im# Faces of Time
      176 words
    • 21 16 N#T SURE WHERE I® PUT Y#UR MfINEY? Get the answer in Personal Investment Finance. Every Saturday in Business Times. Business Times
      21 words

  • SPORTS
    • 371 17 AFP LONDON Athletics chiefs have given themselves eight days to respond to revolutionary moves by top competitors to make the sport fully professional. Top earners have formed a cartel to press demands for prize money to be given at world championships for the
      AFP  -  371 words
    • 319 17 Reuter FREMANTLE, Australia The challengers and defenders have started the 1995 America's Cup campaign on good terms by agreeing to the format of the always bitterly contested international regatta. "We have agreed on the four mutual items the boats, the number of races,
      Reuter  -  319 words
    • 554 17 Aussies say cheating allegation has damaged their reputation AFP PERTH A newspaper article by former Indian star batsman and captain Sunil Gavaskar is at the centre of a court case here, in which two Australian Test umpires are suing a leading publishing company. Peter
      AFP  -  554 words
    • 468 17 Approaching 36, tennis great still has what it takes UPI NEW YORK On Sunday, Martina Navratilova will celebrate her 36th birthday. This still leaves her four years younger than Jimmy Connors, but also twice the age of some of the kids she
      UPI  -  468 words
    • SIDE LINES
      • 127 17 WALTHAM, Massachusetts A year after taking over from Larry Bird as the Boston Celtics' top scorer, Reggie Lewis has succeeded him as team captain. Veterans Robert Parish and Kevin McHale have picked Lewis to replace the retired Bird. "Chief and McHale, they decide
        127 words
      • 98 17 SAN REMO, Italy Treble world champion Juha Kankkunen made up an 81-second shortfall on Andrea Aghini, the new darling of Italian racing, to take the lead in the San Remo Rally on Tuesday. The Finnish Lancia driver was fastest in all but one of the eight timed
        98 words
      • 91 17 LONDON Martin Brundle has been rejected as second driver for the Williams Renault Formula One team and could even have to drop out of the sport next season. The British driver, a consistent points scorer for Benetton Ford this season, has been dropped by
        91 words
      • 71 17 FORT LAUDERDALE, Florida A gambling ring that took more than US$2OO million (Ss32o million) in sports bets annually and funnelled profits to Asian organised crime groups has been disrupted, authorities said on Tuesday. The Chinese-led gambling rings used a group of Vietnamese hitmen known as the
        71 words
      • 80 17 TOKYO Defending champion Stefan Edberg, seeking his third victory here, brushed aside American Jim Grabb to move into the third round of the million-dollar Seiko Super men's tennis tournament yesterday. The top-seeded Swede, who dropped to third spot in the world last week, coasted to
        80 words
      • 97 17 NEW YORK In referring to his return to tennis following an eight-year absence, Bjorn Borg does not like to use the word comeback. To him, a comeback implies an effort more serious than he is prepared to offer. "Don't call it a comeback," Borg cautioned during
        97 words
  • Page 17 Advertisements
    • 180 17 and can be customised to suit your changing business needs. So, whether your organisation s a sma ll' medium-size, or a large multi■■■■iHHHllHHli national corporation, turn to us. We can tailorTo improve office efficiency, rely on Creative make you a solution for improved efficiency. Software. We have an outstanding range
      180 words
    • 404 17 So You Want A Yes, we are talking about a golf at pan-west dub, the difficult driver. With its y/e Have, perhaps, the widest lOy degrees loft, to the metal choice of drivers, and if you heads, from the Boron shaft, to yyant a brand or o weight that the
      404 words

  • ADVERTISING & MARKETING 1
    • 590 18  -  Kooi Cho Teng on round three of Visa's latest offensive against arch-rival Amex Kooi Cho Teng COUNTERING the highly successful American Express (Amex) promotion which offered a Porsche 968 as a prize, Visa is now tempting its members with even more expensive
      590 words
    • 667 21  -  Hong Lee Tiam looks at the home videos market in Singapore Hong Lee Tiam WHEN home videos first came on the market, some people said the cinema was doomed. But thanks to canny marketing by movie studios, picture theatres are alive and well and
      667 words
    • 264 21 NYT OVER the last decade, WNWKFM, a New York-area radio station, has sounded like a miniUnited Nations with programmes in as many as 47 languages, mostly European. Now, its new American-Chinese owner, Multicultural Broadcasting Inc (MBI), plans to broaden WNWK's appeal, adding more Asian
      NYT  -  264 words
  • Page 18 Advertisements
    • 273 18 BUNZ" MADE IN SWITZERLAND At the centre the sapphire glass a 025 carat diamond mounted without visible setting This freely-suspended diamond is made possible by a newlydeveloped laser-cutting technique with a one upon a million precision a worldwide patent of Bunz The dial of 950- -platinum is enhanced by a
      273 words

  • Page 19 Advertisements
    • 207 19 1 {MR pSjffiß» jCC* I St; SOLE AGENT SERVICE CENTRE: W'E'L'L'T'l'M'E SINGAPORE PTE LTD 435 Orchard Road #1201 Wisma Atria, Singapore 0923 .Tel: *****1 1. Authorised Dealers: All Watches Leather Pte Ltd Tel *****73 Asia Watch Centre Pte Ltd Tel *****08 C K Tang Ltd Tel *****00 Chew Cheong Watch
      207 words

  • Page 20 Advertisements
    • 743 20 NATIONAL IT M <Zo£&<CCoti I YCH Transport started as a trucking business in the *****. Today, M I I it is a provider of sophisticated logistics services. IT is a key I I I 1 T| 111 111 componentof YCH's Total Logistics'concept which offers clients I -i. .X. v/l V/vik/
      743 words

  • Page 21 Advertisements
    • 185 21 i I #02-0 1 Palais K. iiai-aiir.-, T. I: 7 I~>.V).i. S«MM»r« liar.l Koa.l. Siii-sapm-.- o<>2:t. tt 111 1 HITACHI I HsOREMA HBj You 11 00 GJfO **********11 I TH-T NIHON i SEKKEI 111 ffOOd l ehman Brothers Bflfl COSIDO OIL inTERnfITIOnRL PTE. LTD. BH. AMERICAN I EXPRESS I KOWA
      185 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3889 22  -  By S N Vasuki SPECULATIVE interest in Malaysian counters continued to dominate activity on the Singapore stock market yesterday. Reflecting this, the UOB-OTC Index closed 2.70 points up at 746.10 but the benchmark Straits Times Industrials Index ended the day a mere 0.96 point
      3,889 words
    • Article, Illustration
      76 22  -  By Paul Leo FROM above $3.00 in mid--1991, Far East Levingston Shipbuilding Warnuit 1994 plunged to a low of 40.5 cents yesterday. At the current level, the warrant is a steal. Weekly and daily RSI are below 25 while weekly and daily stochastics are near zero, which strongly
      SOURCE: BRIDGE INFO  -  76 words
  • Page 22 Advertisements
    • 53 22 CALL MILANO'S HOT DELIVERY HOTLINE NOW! j 468-2222 i I for mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! Office/Home Delivery Hours: Daily from 11.00 am onwards (including Public Holidays). I FREE delivery for a minimum order of $10.00 m $3.00 surcharge for delivery after 11.00 pm. JJILANO tommmmmmmmmmmmm
      53 words


  • 3491 24 Duniop Est 358 +14 +4.1% Sg Way TSR97 138 +14 +11.3% Perlis Plant 370 +12 +3.4% Samanda Hldgs 185 +11 +6.3% M Banking 635 +10 +1.6% Uniphoenix 203 +9 +4.6% NST 278 +8 +3.0% Duniop Est CULS 326 6 +1.9% M Plantations 55W +6 +12.1%
    3,491 words
  • Page 24 Advertisements
    • 994 24 rusiNESSjm^r Toll-free Tel No: 737-0043 Fax No; 734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. SO and IN THE MATTER Of DRILLING TOOLS FAR EAST PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE is hereby given, in pursuance of Section 306 of the Companies Act, Cap. 50,
      994 words
    • 229 24 KOH BOH CHUA (PTE) LTD (la Members' Voluntary Winding Up) Liquidator's Office: 152 Beack Road «l*-0&«7 Gateway East Tower Singapore V7lB NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. SO, the Final General Meeting of the Company will be held
      229 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5414 25 Bernama THE LOCAL share market closed on a firmer note in active trading yesterday. Prices gained further ground on continued buying interest, although some prof-it-taking activities were noted towards the close. The KLSE Composite Index at the close rose 1.43 points to
      Bernama  -  5,414 words

  • BT SHARE INFORMATION SERVICE
    • 209 26 C—y Date Y«ar 6tm» Htt N«t Mintafs Gross mm te profit/lots (L) pw tkan dhridtud ('MO) (cMts) Sime Spore Oct 13 Jun 92 $42,327 ($33,426) 4.7(4 6) 14(14) PCI Oct 12 Jun 92 $9,024($3,245) 6.1(2.3) 7(-) KhongGuan Oct 9 Apt 92 $81 ($6191) 0 9(-) 4(4) Swens Aso-Pk
      209 words
    • 316 26 Company Date Yur Grwip pre-tax Net aaraiags Grow aaa to praltt/lass (L) par sfcara tMimti ('000) (caato) Tongkah Oct 12 Jun 92 M$4,811l(M$2,551l) Amal Steel Sep 30 Jun 92 M$134,025(M$143,495) 16.4(13) 12(10) Antah Sep 30 Jun 92 M*25.132(M$37,468) 6.4(11 9) 6TE(6) Bedford Sep 30 Jun 92 M$40,092t(M$25.500) 3.2t(2.2)
      316 words
    • 216 26 Cwpwy Date Half-year Creep pre-tax Maria mm to preAt/lMS (L) dW4ead Causeway Inv Oct 13 Jun 92 1602(1784) -(-> Dairy Farm Oct 12 Jun 92 US$82.8r(US$78.6r) 29.6(27) George Kent Oct 5 Jul 92 *$12,898(l»$5.226) 8(5) Jacks kit'l Oct 5 Jul 92 $683(J1.498L) Johaa HUgs Oct 5 Jul 92
      216 words
    • 159 26 Oct 8 First Capital Corporation has launched the third and final phase of its 500-unit Chiltern Park apartments at Lorong Chuan. Local contractor L&M Grot* Investments Ltd has acquired a 7(H>er-cent stake in Australian construction company Idoas Pty Ltd for As 2 million. Sesdaq-listed Sworn Asia-Pacific Ltd has
      159 words
    • 981 26 CwTwt Ex Mi Date Tatel for Tatel for imiMt date dasa payaMa tha yaar last yw Aorta 5% (I) Sep 18 Sep 30 Oct 15 5% 12.2% MB8 50c 35%(b) Sep 10 Sep 24 Oct 23 35* 35% Badted 50c 1% Nov 2 Nov 16 Dec 7 2%
      981 words
    • 372 26 Company Rights Issue Gcfcfen Hop* One-tor su g MSI 50 per share Ei-date Aug 27 Books dose Sep 10 Acceptance Payment: Oct 22 MAS One-tor-one MJ5 00 per share Ei-date Sep 7 Books dose Sep 21 Acceptance Payment Nov 2 OC8C One-tor-hve $3 00 per local share One
      372 words
    • 115 26 ChenicJ Mustries (Fv East) Ltd: EGM at the registered office, 52 Jalan Buroh, Singapore 2261. on Thursday, October 15, at 12.00 noon Smuore Arties Ltd EGM at the Mandarin Ballroom, 6th Floor South Wing, Mandarin Hotel, 333 Orchard Road, Singapore 0923, on Friday, October 16. at 5.00pm Stamford
      115 words
    • 339 26 Conversion Special Trdf Scriplesa Conversion deadline Period Trading Company starts (IDP) (ST) starts Alex Hldgs Sep 28 Oct 22 Oct 12 Oct 22 Oct 23 Bon vests Nov 9 Dec 3 Nov 23 Dec 3 Dec 4 Cerebos Oct 16 Nov 12 Nov 2 Nov 12 Nov 13
      339 words
    • 347 26 In local curr la SS la USS dy yr dy yr dy yr Oct 13 Index chge chy ihgt chg* thgv chgt World 375.7 0.9 -8.0 I.I -8.6 0.9 -8.2 ♦EAFE 441.4 0.9 -12.1 1.3 -12.3 1.0-11.9 Europe 396.5 1.2 -3.6 1.7 -6.4 1.5 -6.0
      347 words
  • 610 26 Moving Averages: A moving average curve shows at any one time the mean of the prices over a specified time frame. A five-day moving average, for instance, is the average of the last five days' prices. Moving averages (MA) are normally plotted with the prices, and serve as
    CHARTS BY BRIDGE  -  610 words

  • CHINA STOCK EXCHANGES
    • 404 27 CLSA ALL MARKETS finished lower yesterday with the heaviest loss in the Shenzhen A market. All Shenzhen A shares ended the day lower with the CLSA Shenzhen A Index falling 54.36 points to 2,374.85. The 5.1-million-renminbi market turnover in the B market was
      CLSA  -  404 words
  • JAKARTA STOCK EXCHANGE
    • 951 27 Reuter STOCKS closed mixed yesterday in fairly active trade focused mainly on banks, brokers said. "Locals are active in banks. They expect to get capital gain in future," one broker said. 811 was the star of the day with 417,000 shares traded in the
      Reuter  -  951 words
  • STOCK EXCHANGE OF THAILAND
    • 2109 27 Reuter GAINS by finance and securities firms on anticipation of improved third-quarter performances helped push stocks to a higher close yesterday, brokers said. The SET Index rose 10.97 points, or 1.26 per cent, to close at 879.65 on turnover of 10.34 billion baht. Advances led
      Reuter; Source: Bridge Info  -  2,109 words
  • Page 27 Advertisements

  • TOKYO STOCK EXCHANGE
    • 2491 28 Reuter STOCKS ended down yesterday, hit by weak stock index futures. Bullish charts and a good mood after a two-day rally helped prices up early on but the market lacked incentives to keep going, brokers said. The resignation of a ruling party baron
      Reuter  -  2,491 words
  • STOCK EXCHANGE OF HONGKONG
    • 2271 28 Reuter STOCKS closed yesterday at the day's high after a buying spree that ran against the market's cautious tone ahead of today's airport talks. "The market has been hovering around the 5,750 mark for a while, so I think most people would
      Reuter  -  2,271 words
  • Page 28 Advertisements

  • AUSTRALIAN STOCK EXCHANGE
    • 1989 29 Reuter THE MARKET traded halfheartedly to close lower yesterday, with depressed metal prices and pessimism about the domestic and international outlook sidelining potential buyers. "Lower metal prices, uncertainty from overseas, and a lack of activity within Australia, are combining to make it harder to
      Reuter; Source: Bridge Info  -  1,989 words
  • REGIONAL STOCK MARKETS
    • Seoul shares up on strong buying interest
      • 787 29 HEALTHY across-the-board buying pushed the stock market up in relatively active trade yesterday but brokers expect profit-takers to swoop today. "Strong buying interest in low price/earnings ratio (PER) shares spread to other counters across the board as the day progressed," said Park Key Pyong of Hanyang Securities. Pohang Iron
        787 words
      • 489 29 SHARE PRICES finished slightly higher in thin turnover yesterday with most investors waiting for news to stimulate the market, brokers said. The Weighted Index ended at 3,633.22, 30.26 points higher than Tuesday's close. Turnover fell to NT$9.2 billion, the lowest since October last year, from the previous day's NTS
        489 words
      • 60 29 THE BOMBAY Stock Exchange Index dropped 82.13 points yesterday to dose at 3,05.63. The National Index fell 19.47 points to 1,85.27 and the Delhi index lost 9.87 points at 723.84. "Investors were busy with rights and new offers and there was not moch buying yesterday," said broker Anand Dewan
        60 words
      • 265 29 THE NZSE-40 Capital Index ended 0.54 points down at 1,390.63 yesterday after earlier going as high as 1,398.02. Data released yesterday showed that New Zealand's inflation rate remained the lowest in the OECD at just 1.0 per cent in the year to September. "It's all good news it's
        265 words
      • 603 29 SHARE PRICES slipped on profit-tak-ing yesterday as investors stayed on the sidelines waiting for positive developments before taking the plunge in the market, brokers said. "There was some buying in the morning but it was not sustainable so many issues gave way to profit-taking and selling pressure," said Patrick
        603 words
      • 55 29 INDICES TURNOVER Close PRVIM "VOct 14 y£ NEW ZEALAND NZSE-40 Capital ICAUftl A 1.390.63 1,***** +0.54 Composite Index 1.386.81 1.398.56 -11.75 Turnover (mil pesos) 632.62 331.1+301.52 TAIPEI 1 Weighted Price Index 3,633.22 3,602.96 +30.26 Turnover (NTS billion) 9.2 10.17 -0.97 SEOUL r 1 Composite Stock Index 524.96 514.39 10.57 Turnover
        55 words
  • Page 29 Advertisements

  • WORLD STOCK MARKETS
    • Wall Street rallies for second day
      • Article, Illustration
        1344 30 STOCKS rallied for the second straight day on Tuesday in moderate trading with the aid of the same ingredients that fuelled Monday's Columbus Day rally technical buying and hopes for another interest rate cut. It was the first time in a month that the market was able to
        1,344 words
      • Article, Illustration
        669 30 SHARE PRICES jumped in late trading on Tuesday after Abbey National, a leading home loans society, cut its interest rate, setting off hopes that other societies and banks may follow suit. At the close, the FT-SE Index of 100 leading shares was up 27.5 points at 2,584.7 points and
        669 words
      • 450 30 Other markets in Europe, South Africa and Canada Johannesburg Oct 13 Rand INDUSTRIALS A Alpha 3000 unch AEC1 590 unch AM1C 5400 unch Abercom 125 Amaprop 640 unch BAZ 1300 Barlows 4625 100 Basil Strk 10 unch Blyvoor 325 unch CG Smith ***** 100 Cnagalo 2150 50 Curfin 630 10
        450 words
      • 453 30 SHARES notched up their biggest oneday gain in a month, climbing 2.3 per cent and recouping most of the losses seen so far in October. A strong performance on Wall Street on Monday set a positive tone for trading in Europe on Tuesday, which was boosted by an offer
        453 words
      • 77 30 INDICES TURNOVER Oct 13 Close Previous NEW YORK Dow Jones 3,201.42 3,***** +27.01 1 SAP 500 409 30 407.44 +186 Turnover (million) 186.65 126.67 +59 98 LONDON Financial Times 30 1.891.0 1,878 8 +12.2 FTSE 100 2.584.7 2,557.2 +27.5 Turnover (million) 467.3 303 3 164 0 FRANKFURT DAX Index 1,465.50
        77 words
      • 343 30 SHARES closed mixed on Tuesday as dark clouds gathered over paper maker KNP, casting long shadows over other cyclical stocks. But bright spots were to be found in the financial sector where shares were underpinned by lingering hopes for near-term interest rate cuts, dealers said. The EOE Index finished
        343 words
      • 262 30 SHARES bounced from early lows on Tuesday in a Fiat-led rally that dealers mostly attributed to short-covering before yesterday's close of the trading account. "We had the impression that most of the short-covering had been done last week but there was some more adjusting of positions," one broker said.
        262 words
      • 257 30 SHARES closed higher on Tuesday helped by the firm US dollar, but trading was largely confined to professionals, which kept volume moderate, brokers said. Wall Street's firm opening also helped the indices a little higher. The broad SPI Index closed 6.9 points higher at 1,146.8 and the SMI blue-chip
        257 words
      • 109 30 SHARES rose steadily to end on Tuesday higher, inspired by Monday's Wall Street gain. But turnover was light at 265 million kronor. "Investors feel insecure and are stay- ing away. We are now waiting for corporate results. We also need more stable rates, and to have the US elections
        109 words
      • 439 30 STOCKS ended lower on Tuesday, shrugging off gains on Wall Street, as attention focused on losses in Canadian gold shares following a drop in gold futures prices and continued market jitters over Canada's upcoming national referendum, analysts said. The TSE-300 ended at 3,414 on volume of 24.5 million shares
        439 words
  • Page 30 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1174 31 REPORTS THE US DOLLAR closed barely :hanged against the yen and firmer igainst the mark in Tokyo yesterday. Mark sales for the yen for profitmaking aided the US currency against its German counterpart, dealers said. "Most operators stayed on the sidelines as
      1,174 words
    • 364 31 Bloomberg LONDON British fund managers are looking to increase their holdings of UK equities and scale back investment in conventional UK government bonds following last month's suspension of the pound from the ERM, a Gallup poll for Smith New Court Securities shows. About
      Bloomberg  -  364 words
    • 1507 31 SIMEX Eunoootum Open High Low Sett Est Vol Act/Vol Op/lnt Dec 92 96.66 96.67 96.58 96.60 ***** 9119 ***** Mar 93 96.62 96.63 96.53 96.55 ***** 9727 ***** Jun 93 96.25 96.25 96.16 96.17 9000 48% ***** Sep 93 95.78 95.79B 95.71 95.72 2200 2757 4298 Dec 93
      1,507 words
    • 409 31 Cross rates <*» u US$ SS MS Dm Yen SFr AS NZS USS 1.6090 2.5070 1.4650 121.00 0.5821 1.3070 1.3860 1.8382 SS 0.6215 1.5581 0.9105 75.2020 ***** 0.8123 0.8614 1.1425 MS 0.3989 0.64 0.5844 48.2649 0.2322 0.5213 0.5529 0.7332 Dm 0.6826 1.0983 1.7113 82.59 0.3973 0.8922 0.9461
      409 words
    • 539 31 Interbank rates SS Bid Offer Overnight 1 5/16 1 7/16 1-month I 5/16 1 7/16 2-month 1 5/16 1 7/16 3-month 13/8 11/2 Overnight mode: 1-3/8 US$ Bid Offer 7 days 3 1/4 3 3/8 1 month 3 1/4 3 3/8 2 months 3 3/16 3 V16 3
      539 words
  • Page 31 Advertisements

  • COMMODITIES
    • 367 32 Reuter LONDON The London Metal Exchange (LME) has been enjoying an era of unprecedented growth in a world bound by recession, but expansion has intensified the debate on the future of floor trading the open outcry ring sessions held twice a day.
      Reuter  -  367 words
    • 272 32 Reuter LONDON Brent crude oil should reach U5521.50US$22 a barrel over the next few months as refiners in Europe and the US replenish their stocks ahead of winter. But mindful of the sluggish world economy, Opec over-production and the unexpected slump
      Reuter  -  272 words
    • 761 32 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market plunged to a new five-month low of M$ 14.74 per kg yesterday, down 22 sen in line with the weakened London Metal Exchange. Dealers said the LME eased a
      761 words
  • 1524 32 Rubber RAS Commodity Ertwp (future doting »s it lpwi) MS (physical prtcas) RSS1 Contract (S cents/kg) SHter* Z /U at 12 »»OOfl (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest 2 l^ ov 141.00 I42.00N vi~ v Q"> 145 25 145 25 145 50 100 1,125
    1,524 words
  • Page 32 Advertisements
    • 704 32 BUSINESS TIMES Toll free Tel No 737 0043 -Fax No: 734 3698 International Factors (Singapore) Ltd A member of The ECICS Group 5525,000,000 Series One Floating Rate Notes Due 1994 In accordance with the provisions of the Notes, notice is hereby given that for the three-month period from 15 October
      704 words

  • 1126 33 eg, not to Fin n» Cjt> not n» nun tio MH642 1220 ISISI 1SI i».« cooe «!S !3g ssti !3!S fbaitirlir SQ319 0715 KL838 2340 MH609 1450 SQ110 1445 KL837 1340 MH611 1605 BR215 1450 MH613 1625 SQ112 530 SQ347 1755 BR218 1640 MH612 1540 AacMaatf
    1,126 words
  • THE TRAVEL PAGE
    • 711 33  -  LETTER FROM HAVANA By Andrew Downie EACH Wednesday in old Havana, crowds of people leave their homes and gather on street corners in anticipation of a never-to-be missed ritual. About midday the trucks arrive, the crowds jostle for position and five minutes later disperse. The weekly
      711 words
    • 152 33 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1 S3 1.1650 Canadian dollar 1.2800 1.2900 NZ dollar 0.8650 0.8850 Sterling pound 2.7400 2.7600 US dollar 1.6050 1.6150 Local dollars to 100 units of foreign currency Austrian schilling
      152 words
    • 91 33 Duration Tide Venue Organiser Td Nov 11-22 Geneva Fair 40th Ideal Home Exhibition Geneva Societe Sexploitation du Salon des Arts Menagers 002/*****83 Nov 14-23 India New Delhi. Trade Fair (91)11/*****42 International India Authority of Trade Fair India Nov 16-19 Autotech Birmingham Centre Exhibition. Birmmeham 021-*****18 Duration Title
      91 words
  • Page 33 Advertisements
  • Page 33 Miscellaneous
    • 258 33 1 Is this what unrefined little i i i I giris are made of? (8) 1 9 Low water in Dee, apt to t lO I 10 She was visited by a swan, jj j j j j 2 j I j lead-damaged (4) MBJ MMHM 11 Brewers' delivery animal?
      258 words
    • 161 33 Singapore Outlook: Showers orer several areas in the late morning. Report Maximum temperature 32.3 Assoc humidity 60% Minimum temperature 24.8 Assoc humidity. 97% Hours of sunshine 4.50 Rainfall in mm nil Rainfall this month 116.7 Rainy days this month 9 World report Asia-Pacific Hi/Lo* Cond. Auckland 16/12 Cloudy Bangkok 33/24
      161 words
    • 14 33 Tv4«N<s... 'vPOCS foMUf UiHeri <&$ <CRe> CRPiu)Uh4G^) c pgwe. v ASSOCIATED NEWSPAPERS LTD 1967 199;
      14 words

  • 401 34 14th Congress of the Chinese Communist Party AP, AFP, Reuter BEIJING Communist party regional bosses acknowledged yesterday that Cftirik's broad economic reforms were causing some social unrest, but they emphasised that the situation was manageable. -With the shift towards a market economy, many Chinese
    AP,; AFP,; Reuter  -  401 words
  • 370 34 Strongman expected to give up control of powerful party faction AFP, Reuter, UPI TOKYO Political strongman Shin Kanemaru resigned in disgrace yesterday from Parliament amid public Outrage over his illegal acceptance of a US$4 million (556.4 million) political donation from a trucking firm finked to the underworid.
    AFP,; Reuter,; UPI  -  370 words
  • 180 34 Bernama KUALA LUMPUR The Housing Developers Association is seeking a meeting with Finance Minister Anwar Ibrahim to get details on the rationale behind the Foreign Investment Committee's new restrictive guidelines on foreign ownership of properties in Malaysia. Its executive director, Yin Ee Kok, said
    Bernama  -  180 words
  • 328 34  -  From Andrew Cooke in BANGKOK THE ASEAN Free Trade Area (Afta) Council meeting scheduled for Oct 21 in Manila next week has been postponed to allow senior Thai economic ministers to attend the parliamentary debate on the government's policy statement, Deputy Prime
    328 words
  • 367 34 Reuter TOKYO Japan's trade surplus grew to record levels for September and the fiscal first half because the sluggish economy lowered demand for imports, a trend that will continue unless there is a strong recovery, say economists. The Ministry of Finance
    Reuter  -  367 words
  • 644 34  -  The Bottom Line TYE KIM KHIAT TYE KIM KHIAT The writer is a Melbourne-based journalist who contributed this commentary to BT RECENT milestones achieved by Apec suggest that the AsiaPacific forum is bounding along nicely. As Apec waxes, will the rival East Asian
    644 words
  • 497 34 Combative showing by Vice-President in debate iipii fmm Reuter ATLANTA, Georgia Elated Republicans are hoping that US Vice-President Dan Quayle's combative performance in a televised debate with Democrat opponent A 1 Gore will help President George Bush narrow challenger Bill Clinton's lead in the
    Reuter  -  497 words
  • Page 34 Advertisements
    • 148 34 Nikon The World's Finest Photographic System MALAYSIAN TAX INCENTIVES, CUSTOM DUTY SALES TAX EXEMPTION SEMINARS FOR MANUFACTURERS Speaker MR C.P. CHONG PA(M), CPA (S), ACMA (UK), ACIS (UK) Organiser Radar Management Consultancy Pte Ltd (S) C A Industrial Consultants Sdn Bhd (M) Contents 1) Income Tax Exemption: Pioneer Status, ITA
      148 words
    • 17 34 E Asia won't turn protectionist, Pg 3 Manila expects tough bargaining, Pg 10 Pulling together, Pg 12
      17 words
    • 87 34 Nikon The World's Finest Photographic System Isn't It Time You Stopped Paying Full Price for Travel? Attention travellers/visitors to U.S.A. Canada South America. Hotel express Inc., USA, offers their "GOLD CARD' which entitles you up to 50% discount in over 2200 hotels-motels, at over 1,000 locations Plus other benefits such
      87 words

  • Shipping Times
    • 498 35  -  By Juliette Walker SINGAPORE The AsiaPacific cruise market will mature into a key year-round cruise destination before the end of the decade, an industry expert said yesterday. Jay Lewis, president of Market Scope, said the Indonesian Archipelago in particular could become "the Caribbean of
      498 words
    • 340 35 International Transport Journal BASLE, Switzerland The Japan Maritime Research Institute has produced the first comprehensive study of the consequences of the collapse of the Soviet Union for shipping and shipbuilding. The study examines the CIS fleet in detail,
      International Transport Journal  -  340 words
    • 448 35 Weeklong discounts announced instead AP NEW YORK American airlines were temporarily rebuffed in their continuing attempt to raise air fares. Major airlines on Tuesday delayed plans to raise ticket prices today, instead announcing weeklong discounts for fares between 16 US cities and the
      AP  -  448 words
    • 248 35  -  By Dexter Lee SINGAPORE A Neptune Orient Lines feeder containership, the Dragon Kalimantan, which ran aground on a reef near the Indonesian island of Banka last Saturday, has freed itself with the help of high tide. In doing so, the tide has saved
      248 words
    • 183 35 SINGAPORE Arab Heavy Industries Ltd (AHI), a Middle East shiprepair facility managed by Keppel Shipyard, has completed two jobs worth $1.1 million. The jobs, both of which were awarded by the Mohammed Al-Mojil Group, involved heavy modification of two offshore platforms. In the first
      183 words
    • LOG BOOK
      • 79 36 TAIPEI Taiwan's Transportation Ministry will prohibit South Korean ships from carrying goods between Taiwan and Japan, starting today, a ministry official said. South Korea hps long banned Taiwanese ships from providing services between South Korea and Japan, the official said. For the
        79 words
      • 59 36 NEW YORK Texaco Inc announced that its whollyowned subsidiary Texaco Panama Inc has taken delivery of a rrew double-hull motor tanker. The 273-metre vessel, which can carry up to one million barrels, is named the Star Ohio. The vessel was built at Samsung's Koje, Korea, shipyard
        59 words
      • 47 36 Reuter Cherbourg, France A member of the ecological group Greenpeace is handcuffed to a fence near the entrance to the nuefear power plant La Hague on Tuesday. The group demonstrates against a planned shipment of 1.7 tonnes of plutonium to Japan. Reuter
        Reuter  -  47 words
      • 96 36 LONDON EC gas oil barge values were little changed against futures values in thin physical trading in Northwest Europe. Brokers said they had not heard of any trades, while demand from Germany and Switzerland remained stymied by high consumer stocks and the high cost of
        96 words
      • 73 36 WELLINGTON Two New Zealanders and an American were killed when a US helicopter crashed in the Antarctic, a Spokesperson for the United States Antarctic Programme s2id: The American pilot and co-pilot survived the crash. The ijavy Huey HH-1N helicopter operated by the United States Antarctic programme was
        73 words
    • 903 36 i Page Col ABC Containerline 12 1 Accord Group 8 1-3 i«APL 5 3-5 Alpha Feeders 6 1 I*ANL 3 1/2 Asia Cont Lines 14 5 ASCL 5 9 Avia Airways 9 3 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5
      903 words
    • 1157 36  -  Jim Mulrenan examines the steps taken by the classification committee of Lloyd's Register to crack down on substandard tonnage Jim Mulrenan Lloyd's List THE TINY Caribbean territory of Saint Vincent and the Grenadines is often on the agenda when the august shipowners and underwriters
      Lloyd's List  -  1,157 words
    • 833 36 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      833 words
    • 9876 44 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      9,876 words
    • 3319 49 Ajc Containerline NV: Belsin Shpg I Agencies Pic Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Ail km Business Corporation Philippine Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liaer Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte
      3,319 words
    • 268 49 Abacus Couriers Td: 545-801 J. Fax: *****98. Air Express Travel Td: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844. Fax: *****16, *****80. Airswift Worldwide Courier Td: 278-0188. Fax: *****83. AJS Supplies Td: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Link International Td: 344-3377. Fax: *****50. Cluster Link Supplies A
      268 words
    • 1474 49 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7821 Fax: *****20. Aerolink Freight International Td: 545-8033. Fax: *****05. Aerosoeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50 Air
      1,474 words
    • 3650 50 ALBANIA Danes: Six vessels in port of which I discharging milk powder, I bulk wheat. 1 fertiliser, 1 loading coal. 1 milk powder. I ferrochorome. ARGENTINA Labour working normally. Buenos Aires: Berthing situation normal, with no delay expected. Su Loreaza: Port fully occupied with 6 vessels pperating. 4
      3,650 words
    • 894 50 SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young. VESSELS ON OFFER Bulk Carriers Iron Master 127,774 dwt and built April 1982 Hyundai; recent sale to clients of Louis Dreyfus reported to have failed as the agreed price was deemed too low. Vessel is only available if
      The information was contributed by Simpson Spence & Young.  -  894 words
    • 554 50 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TOOAY KAL KE697 B747F 0150 1 SEL KAL KE697 B747F 0440 I BKK SIA SQ827 B747F 1730 2 CPH/DXB SI A SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB
      554 words
    • 220 50 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA ETD Ports of Calb Port Agent Teiep***e No OCTOBER 18 18 Fantasy Worid 1000 2000 Sin-P Klang Lauw Sons 227-8284 21 21 Fantasy World 1000 1900 Sin-Jakarta Lauw Sons 227-8284 25 25 Fantasy World 1000 2000 Sin-P KJang Lauw
      220 words
    • SHIPS IN PORT
      • 699 51 Vrod »>r HP Bgfi kihM Ogrtw 'ess* toy N» Irt jrtgl D«m*ie Marina Tirwinil 1 Splendid Foe 6t P096 1410/2300 1610/1400 Baton Indah N01 M02 alongside 1410/2300 Supenor Gi 18/92 P04 14.10/1930 15.10/0500 Bat am Ma<u *****2 M04 akx«sde 15.10/0500 Sutra 13A/92 P03 1410/1800 1510/0600 Batammdo 1
        699 words
      • 1745 51 DELIVERY CONTAINERS IN PROGRESS nmnM l r ,9] CUM SNp Voy No Coitalmn ivaiabt* Arwana 1 902A 13.10.92 0755 HK Glory 210N COO(EST) 14.10.92 2200 YMM 72 13.10.92 0855 Permmt Sun 32E COO(EST) 14.10.92 2200 Enno B 89N 13.10.92 0930 An Jayakarta ***** COD(EST) 14.10.92 1500 Guru Bhum
        1,745 words
    • 720 52 THE DRY cargo freight market on Tuesday firmed on expectations of increased grain charter requirements in the Pacific and the Atlantic, although fixture volumes were not large, brokers said. 1 A recent US Gulf/Japan heavy grain fixture was concluded at U5518.75 for endOctober, Baltic Exchange brokers reported. The
      720 words
    • 797 52 Oct 21 (1215-1430 hrs): Luncheon talk on Implementation of GMDSS organised by Singapore Rational Shipping Association at WTC Club. For further details, please contact SNSA at tel: 278-3464 or fax: 274-5079. Oct 22: The Undertaking of Seaworthiness/" Due Diligence", /Chartering Practice Earning and Getting the Freight, Marine Insurance
      797 words
    • 484 54  -  By Rahita Elias SINGAPORE TNT Express Worldwide, which is launching its intra-Asian network in January next year, is considering linking its Asian hub in Manila with its European centre in the German city of Cologne. Paul Moorhouse, its chief executive for Asia-Pacific,
      484 words
    • 214 54 AP WASHINGTON USAir's new contract with the machinists union will save the airline US$6O million (Ss96 million) through wage reductions and productivity improvements over the next 12 months, the company said on Tuesday. The financially troubled airline said it expects wage cuts
      AP  -  214 words
    • 215 54 AP KATMANDU, Nepal Radio interference has made some of the conversations picked up by the cockpit voice recorder of a crashed Thai Airways jet hard to understand, investigators said on Tuesday. Also, meanings of some Thai phrases used in the conversation were eluding the experts,
      AP  -  215 words
    • 346 54 AP LISBON, Portugal An Air France supersonic jetliner set a round-the-world record for commercial flight on Tuesday, covering the east to west distance in 33 hours, one minute and chopping just over three hours off the old record set four years ago.
      AP  -  346 words
    • 355 54 AP CHICAGO United Airlines said it urged the federal government to enforce an international aviation treaty after Japan rejected United's proposed New York-Tokyo-Sydney route. United's appeal to the federal transportation and state departments on Tuesday is the latest attempt by a
      AP  -  355 words
    • 276 54 AP WASHINGTON A high-speed rail system across New York state could create more than 220,000 jobs with a payroll of some US$ 11 billion (5517.6 billion), according to a report by a bipartisan congressional coalition. But the cost of developing and maintaining
      AP  -  276 words
    • 219 54 The HI A 1 crash Reuter AMSTERDAM Dutch authorities on Tuesday again lowered the expected death toll from the El A 1 Boeing 747 crash in an Amsterdam suburb to 64 people, after finding that the 26th body to be identified was that
      Reuter  -  219 words
  • Page 35 Advertisements
    • 404 35 THE famous oP n 'o C «muu/ o mu atsjim EESDIZI9 224 1833 For more information pleaae refer to Pg. 13 A more classy class of *92, Page 2 TNT may link Asian hub to European centre, Back Page 1993 Diploma Programme In Shipping Port Management JOINTLY OFFERED BY SINGAPORE
      404 words

  • Page 36 Advertisements
    • 27 36 •U— mi mhlcm wwmiM Mirtiwl tti jHttotry W Accr»#toi (JffgW) Mppg For advertising enquiries, contact Shipping Times: Tei 740-*****740-2090. SINGAPORE GIVING YOU THE WINNING EDGE OCTOBER 1992
      27 words

  • Page 37 Advertisements
    • 2378 37 OOCL (8) PTE LTD JAR DINE SHIPPING AGENCIES TEL: *****11 FAX: *****09 All WWW BOOKINGS TEL: *****34 *****58 vmiV 9R TERMINAL/CFS TEL: *****18 220 (V ***** H PEBAKA JAROINE SHIPPING AGENCIEB SDN. BHD. L VrtAr A PORT KELANG TEL: *****18 FAX: *****91 *****88 rv iiZ CvHTZTT PENANG TEL: *****4 FAX:
      2,378 words
    • 1046 37 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT IV3-/VOY WTC I BAI I 0«f I SAV 1 ■WN u/u n/n a/11 M/ 11 a/11 I ami m 7/11 Mm u/u u/u mai INTO HUM IVII a/u a/u a/u a/u amm n
      1,046 words
    • 1440 37 WEEKLY DIRECT CALL TO NAGOYA SEALAND VOYAGER V.&B4E ETA SIN 19/10/92 ETA NAGOYA 29/10/92 VftM Voy ETA ETO Feeder by "s-uhuAm. DESTINATIONS TNt Mat Mutida Maerak »2io CY 20/10 0600 HRS CFS 19/10 2360 MRS JON LPK PEN OAK LOB MOO MEM ATL MIA CMS BAL PHL NYC MON TOR
      1,440 words

  • Page 38 Advertisements
    • 1338 38 VOY NO S PORE JEDOAH S HAMTON H BURQ "ANT LE HARVE IK9S3gE I DANUBE 04/141 15/10 31/10 3/11 1/11 it*lflOWM* LUOWIGSHAFEN EXPRESS 04/341 17/10 27/10 4/11 7/11 9/11 11/11 fp( MUM BIVMVK I MONTE ROSA 21/142 22/10 7/11 10/11 0/11 CJMBO TO IK/CORTMOR DRESDEN EXPRESS 07/342 24/10 3/11 11/11
      1,338 words
    • 441 38 FCL Breakbuik Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder In Kabul for al services C.1.5.-Vootochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Rigs, Baku North Korea Vietnam e Mongolia a Hungary CSFR a Poland ocwans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Vessel ITA MM VILLE DE VEGA 16/10 A. ABRAHAM
      441 words
    • 1397 38 1 ggl— *wmwT REGULAR INDEPENDENT FULL CONTAINER SERVICE STI NORASIA MUBARAK 9233-3 19/10 11/11 13/11 15/11 16/11 17/11 11/11 li/11 19/11 I NORASIA AL NAHSOORAM 9234-3 27/10 11/11 20/11 24/11 26/11 26/11 2/11 2/i? I NORASIA PRftCESS 9235-3 03/11 25/11 26/11 01/12 02/12 03/12 05/12 05/12 06/12; I SUN 9236-3
      1,397 words

  • Page 39 Advertisements
    • 1896 39 M STRAITS SHIPPING PTE LTD ■CEff 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Td: *****88 Fax: *****17 ACCEPTS cA*GO Dm SM.S RAJAH BROOKE VIK kkura. lib 15-1$ Oct 17 Oct 1* Oct KXB MMWRA VIOC KK. Skat. T«« 1(17 Oct II Oct 19 Oct SNGAPOK fHNOM PENH STRAITS
      1,896 words
    • 2074 39 SINGAPORE AGENT: P&O Containers (Singapore Agencies) Pte Ltd I Atl W I 10 Hoe Chiang Road #07-01 KEPPEL TOWERS, SINGAPORE 0208 Tel: 225 2233 Tetex: RS ***** PNOCSP Fax: 225 5327/222 7517 1 VtMO. VOY AWT MOT HAM 90U L£H ifnAUAf RSK 92,2 M/ 10 11/10 15/10 30/10 02/11 OS/11
      2,074 words

  • Page 40 Advertisements
    • 633 40 r CR NBA **********0-0 EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE *a/wr srai roam aoam muc Bremen «mh» KUW2CNB 16/10 IS/11 21/11 24/11 21/11 MAT MUM 33N8 24/12 3/1 7/1 12/1 15/1 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO lub|»ct to Inducement. Atoo accepting cargo to CaaaManca, Pert Said, Port Alexandria,
      633 words
    • 1396 40 I HANJIN SHIPPING FOR VSL SM LINE HAUL LGB OAK PDA VS. SM |UK HAUL SAV IM NYC HANJM OAKLAN) 019E 18/10 M. BARCUONA 001E 8/11 10/11 NANJM KNANGYANG 094E 19/10 N ASIA 00ft 26/11 27/11 29/11 HAMJM LONGBEACH 03SC 25/10 O«CT 15/11 18/11 HAfUM KUNSAN 080E 26/10 H KEELING
      1,396 words
    • 1206 40 f J -J f Ipkl sgp use «g klg fus «t os« rgt smj in uu cw BM ntclx* mw tw nr w n o> m sgp I E QOOT HI OH 13/10 Mfl 10/10 21/10 23/10 20/10 27/10 a/10 30/10 31/10 2/11 13/11 25/11 27/11 21/11 |/12 0/12 10/12
      1,206 words

  • Page 41 Advertisements
    • 1757 41 11 ACE: RHIIN BRIDGE 24W ETA SGP 17/10/92 II II ETA LEH 02/11/92, FIX 03/TI/92, ROM 05/11/92, BRV 06/11/92 II I J U FEEDER VSL VOY SGP MOTHER VSL VOY SET PLD MIN VESSEL VOY SGP LOS OAK VAN CHI DAL/HOI' MPH ATL NYK ST PAUL N AMBER 08E 21/10
      1,757 words
    • 1197 41 |1| SINSOV I SINGAPORE SOVIET SHIPPING CO PRIVATE LTD I BOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 I BLASCO ODESSA: *****51/*****31 ENQUIRIES: *****33 I I KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 I PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 I MARINE INSURANCE SERVICE: *****87/ *****87 j II (REGULAR
      1,197 words

  • Page 42 Advertisements
    • 2235 42 AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) PHIU-ORKNT UN€S PTC LTD mm «w my m TEL *****77 TELEX: KAWAKIRS23I6S FAX: K 108 Robinson Road #07-00 GMG Building Singapore 0106 I rXI M 4 MALAYSIA: *K" LINE MARITIME (MALAYSIA) SON BHD 1 Tel *****22/*****69/*****00 Telex: RS ***** FAX:
      2,235 words
    • 229 42 GOLDEN LINE A W£>V GUAN GUAM SHTfWG BSy\ (PTE) LTD 1 23, W hjm Start JKMI «M 18. 5343*1 (II LMJ) F« ******4 (a lb III29SSMMO BMgM«UMJH£«gg S pore r KcUnf Pwwti SOLDO KM Hjracfc Dub* Owwuiti 22 Oct BUOI lUnch/OiMi/O—i 1/lOw gBMBgg «VS. Chinj Port 1«/»Oct TIM MO Shefcou
      229 words

  • Page 43 Advertisements
    • 1105 43 PACIFIC INTERNATIONAL LINES (PTE) LTD tK M fIHV 140 Cecil Street, #03-00 PIL Building. Singapore 0106. Tel: *****33 CR NO: **********0E JAKARTA I IWWKOK I VESSEL VOYSIN BKK SIN VESSEL VOY SIN JUT SIN Q KOZ |NTSEV 40N IS/10 IS/10 23/10 KOTAMDAH 421 IS/10 21/10 25/10 SMSAMUT (THAI FLAG) SRS3ON
      1,105 words
    • 1276 43 p HAM (3) GOT (4) E 16/10 16/10 17/10 BENAVON 2412 20/10 6/11 8/11 9/11 11/11 E ano 23/ To 24/10 jutlancxa 2422 27/10 13/11 is/11 16/11 18/11 D 30/10 30/10 31/10 SELANDIA 2432 3/11 20/11 22/11 23/11 25/11 E 6/11 6/11 7/11 BENALOER 2442 10MJ 27/11 29/11 30/11 2/12
      1,276 words
    • 267 43 °BSA° TRANSPORTATION MYANMA wBBk FIVE STAR LINE (Myanmar National Line) Loading for Yanfon (Rangoon) Sport P.KIf Pen P.Gdf PAGAN VIS7W In Pt HPA-AN VII7W In PI PAGAN VIUW 30/1 NM NIGERIAN NATIONAL SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER MAJE VJO SPORE 16 Nov Lagos 09 Doe Pt Har 12 Doc
      267 words



  • Page 46 Advertisements
    • 2132 46 Full Container Liner Services Mo MS tamltatfr took**** *m* U .S»&,Si.BU CHutCIuoSmWBU P.T. CtoW Fwtn hdmttti Mtritim Costtr Shipping Pte Ltd srnm ,m* wk e-». s* M JHVS"" /W "iTr™ IS?r—«®«"• fl/L 226 1942 368 8106 368 8108 0/0 226 1940 ffl WO **********0 M 156. Ist Floor. Victoria Street
      2,132 words
    • 282 46 SAMUDOU MOONESU (S) PTE LTD 15 McCALLUM STREET #03-01/02 NATWEBT CENTRE Slngapora 0106 Tatax: R*****0 Tafc *****1-3 Fie 229 4S3S, 227*136 FOR BOOKBMS CALL DIRECT UME TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK LAWANTI 981 IN PT 17/10 (SAT) PELOPOR 1050 17/10 (SAT) 20/10 (TUE) MAJESTY 912 17/10 (SAT)
      282 words

  • Page 47 Advertisements
    • 626 47 lipping Times, Thursday ucioDer ta iwz FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PKEAUS 18/10 ROTTERDAM 18/10 HAIEA/ASHDOD/ALEXANDRIA 18/10 HAMBURG/BREMEN 18/10 MARSEILLE7FRANCE 18/10 FELIXSTOWE/UK 18/10 BARCaONA/SPAIN 18/10 LEHAVRE/ANTWERP 18/10 GENOA/ITALY 18/10 GOTHENBURG/SCANDINAVIA 18/10 LOS ANGELES/WC/IPI 18/10 SYDNEY/MELBOURNE 18/10 NEW YORK/EC 18/10
      626 words
    • 686 47 fil TEL: *****33 (12 LinM) FAX: *****15/*****03 |PH[ TELEX: RS ***** RISHIP (3 Line*) ®i ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL Ivor ETA LOADING FOB SPOKE ANCMNET 28W0 23/10 DARESSALAAM MOMBASA OJBOOTI ASSAB. MASSAWA ABSAY WONZ 34W8 20/11 OABESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA g
      686 words
    • 471 47 JAKARTA BANGKOK \wm. w I I r«ak' Wl BifinM BENM BHUM OS 17/10 20/10 IAKU BUM 46W fri 16/10 Ml WW WAWA BMUM 163S 21/10 24/10 WART A BHUM 111N Sat 17/10 W«d 21/10 BENIA BHUM 4?S 24/10 27/10 CAft MY 01N Swi 1«/10 Wed 21/10 WAWA BHUM 164S 20/10
      471 words
    • 332 47 mum VSL VOY 9MGAPORE MADRAS —OQAPOW KSSU VOY S* MM Ttt* MM* 37* 15-16/10 22-23/10 20-30/11 THI SPUD 22CM IJ-21/1# 25-27/1# 0243/U THI SIM 3M 22-23/11 »-30/10 OW6/U thr ma 22s* 1213/10 u-h/m zf-n/N VSL VOY SBIGAPORE/CALCUTTA/SMGAPOfIE vessel w cm. THI MO IS7CM SMfD 21-25/10 30-31/10 UOf KE2I 104 16-17/10
      332 words

  • Page 48 Advertisements
    • 1298 48 groupage I -N~/ I PENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 V w X P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWH/BKK I GOTH/U.K/MED PORTS PEN PKL SJN PEN PK SIN 18/10 19/10 20/10 Hoof Koof Ldn/Fh/Rdm/Ant 15/10 16/10 17/10 21/10 22/10 23/10 Hon| Kong G'bwi/CTwcM/STiolm/Osk)
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    • 319 48 BLUE STAR LINE I SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM AKL LVT SM MULBERA 29S 16/10 27/10 28/10 15/11 MJST STAR 0530 26/10 7/11 9/11 26/11 PROSPECT 21S 6/11 11/11 20/11 6/12 FULLY CONTAINERISED SAILINOS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH, NAPIER,
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    • 1106 48 .gZ THONG SOON UNES PTE. LTD. 77 RO6MSON ROAD #15-00, #16-00 SIA BULDMG SMGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO Vessel Ivor Irrat Imr mm wi vm r. mm* EQUATOR JADE 62/92E 18 OCT KUCHING EQUATOR JEWEL 114N 19 OCT
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  • Page 50 Advertisements
    • 136 50 Ufc jtSk LIVING IT EACH WEEKEND, put up your executive feel, and lei us shuffle through your imagination. We usually tread lightly, but even when we don't, youll know you're alive after that cxciting, exacting or simply emaciating week of wtxk. So don't throw in the high-flying towel, or take
      136 words

  • Page 51 Advertisements
    • 65 51 e—f Such a market "for choice jobs, 1 v—^' > Any Job. Any Career. e J-1 <£% /Q Available Any Day. ANY t,me Anywhere /[(&7/ The stnaits Times the Sunday times business times 1 |UHr C/NAy Tme New paper Lianhe Zaobao Lianhe wanbao I W I• Shin Min Daily News
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  • Page 52 Advertisements
    • 219 52 FIND YOUR KIND OF JOB IN THE STRAITS TIMES CLASSIFIED EMPLOYMENT SECTION NORTH PHILIPPINES FULL CONTAINER SERV CE VESSEL VOYAGE SW6APORE MAMLA VIGOUR SH6APORE 37W8 16/10/92 (FRO 21/10/92 TWO SALMGS WEEKLY VIGOUR PACIFIC 731« 19/10/92 (MOW) 25/10/92 MOMMY AND FRDAY VIGOUR LUZOW 3* 23/10/92 (FW) 2S/10/92 4 DAYS VIGOUR SKGAPORE
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    • 307 52 i. cosco ukc cowvtwnowAL somcc VESSEL PKL PNG P.O. LOAOINQ FOR: A VESSEL ?8/10 Rotterdam/Antwerp CWHA COHVOmOWAI SERVICE VESSEL PKL PNO P.O. LOADING FOR: A VESSEL 15/10 20/10 Hu*ngpu/Go«n©ihou COSCO FULL COWT/UHEW IWYICt* (FCL/FCL) EXPORT TO: CHMA/BANQKOK/HOMOKOMO EUROPE/CONTMCMTAL WEST MEMTOWANEAN AUSTRALIA US WEST COAST PERSIAN OOLF/KARACHI PIMM refer above mentioned
      307 words
    • 220 52 EBEB CONTAINER UNE )v\~ 1 FAR EAST WEEKLY /(V* CONSOLIDATION PENANG I j HONGKONG JAKARTA PQRTKEtANG I KEELUNG/KAOSHIUNG MANILA rsj. N BUSAN PENANG/PORT KELANG X f BANGKOK .TOKYO/YOKOHAMA/KOBE \J 7 Tel: 538 0155 TO 1 OWENS CONTAINER LINE (S) PTE LTD v 133 New Bridge Road #09-06 Chinatown Point S'pore
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    • 42 52 ©ORIENT FREIGHT SERVICES PTE LTD TEL: *****92, FAX: *****85 C/R NO. **********0 D WEEKLY FCL/LCL TO THE FOLLOWING PORTS: BOMBAY KEELUNG JAKARTA KARACHI KAOHSIUNG BUSAN MADRAS HONGKONG TOKYO CALCULTTA BANGKOK YOKOHAMA COLOMBO PENANG MELBOURNE I CHITTAGONG PT KELANG FREMANTLE DUBAI MANILA SYDNEY
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  • Page 52 Miscellaneous
    • 487 52 TODAY'S TIDES (hdfht in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 0100 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 2V» JR 2.5 26 26 2.3 1.7 1.2 10 09 09 1.3 18 2.6 30 3.1 28 24 1.7 1.1 0
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  • Page 53 Advertisements
    • 1040 53 ▲HYUNDAI MERCHfINTMfIRINEM.LTp.^ WESTBOUND TO EUROPE VESSELS PHA PKE PCP »TM Mff» LEH* MM MX SL MAMNER 301* 23/10 23/10 23/10 25/10 13/11 13/11 M/JJ JJ/JJ JJ/jj Wjl H EXPLORE! 302* 30/10 30/10 30/10 1/11 20/11 20/11 21/11 21/11 21/11 24/11 H. CHALLENGER 301* 6/11 8/11 8/11 «/ll *7/11 27/11 2*/"
      1,040 words
    • 443 53 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS nSHL NT 9 N MC U TUB MTI 44 SJ SU HI 11/11 TMUB KIU II 1111 8/11 samastu i i ii/ii n/ll it/it ima 1 i 23/u nun kiu id 2S/ii m n/u wsma 7 i 21/u 2s/ii
      443 words
    • 923 53 OUR USA ig= i* ino i l4l r i 1" ri«i™ i™ r servke calls «an nJW arnaawa cat— »i«u n-a/w «/n Tun ii/ii 11/11 11/11 u/u um Tj/TT SINGAPORE mm mm »an n/u «uiw wmm mum mm u/n u/u u/n u/n u/n a/n n/u »u DIRECT EVERY mm mm
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    • 142 53 BINTAN6 MAS SHIPPING PTE. LTD. 39 NER. ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SMMER FAX: *****64 ACCEPTS pons Of CARGO STOK DESTWfITOt MERCURY PEARL V2OE 17-20 Oct 19-20 Oct Mura. lataian HOT UK STRIA V2LE 19-21 Oct 20-21 Oct Mi*. Mkl KEWat HNTANG BEL JUT V23E 20-21 Oct 22-23
      142 words

  • Page 54 Advertisements
    • 180 54 QHow do I SAVE up to 85% of INMARSAT-A Call Costs? ysk i /s'' r i v *'\.'jj 'v" .<.'.* •••y'--- v *-V V; v ;-V* .■*'»*<* 4 tj /t' #r# c f #|pfgp,' flk- §4 EEgi §p! r V^ x > I I I |K i<- /< *-v, J
      180 words
    • 134 54 If Call (CSl)at776 5191 (Bm and ask about B SATSAVK BULKY/HEAVY CARGO Space available on 180 FT Barge. Leaving Singapore for Kompong Som, Cambodia on last week October 1992 returning on first week November 1992. KAUI SINGAPORE PTE LTD Tel: *****88 Fax: *****72 Peter Chuang B U S I N
      134 words